美股时段值得关注的事件： 21:30 美国9月零售销售月率/美国9月PPI年率 22:00 美国9月FHFA房价指数月率/美国8月商业库存月率 (格隆汇) 1. 美国三大股指期货小幅下跌，纳指期货跌0.09%，标普500指数期货跌0.03%，道指期货跌0.03%。 2. 欧股主要指数集体上涨，德国DAX指数涨0.12%，英国富时100指数涨0.35%，法国CAC指数涨 0.18%，欧洲斯托克50指数涨0.21%。 3. 美国总统特朗普签署行政命令启动"创世纪计划"，以推动人工智能(AI)创新。 4. 美国商务部长卢特尼克：是否对华出售英伟达H200芯片由特朗普听各方意见后决定。 5. 瑞银：基金抛售美股或已结束，标普500指数年底上望7000点。 6. Meta据报考虑斥资数十亿美元购买谷歌TPU，英伟达市场或遭进一步蚕食。 7. "大空头"Michael Burry称"英伟达就是当年的思科"，警告市场正面临灾难性的过度供应与折旧陷阱。 8. 供应链消息称苹果开发折叠iPhone有突破性进展，已实现无折痕设计。 9. 特斯拉与欧洲负责车辆认证的荷兰监管机构RDW出现明显分歧。 10. 闪迪获纳入标普500指数 ...

国芯网[原:中国半导体论坛] 振兴国产半导体产业！ 不拘中国、 放眼世界 ！ 关注 世界半导体论坛 ↓ ↓ ↓ 11月24日消息，近日，据外媒最新报道称，美国政府正考虑允许英伟达对华出售H200芯片。 报道援引知情人士消息称，负责监管美国出口管制的美国商务部正就改变对华出口限制一事进行审查，并称相关计划可能会发生变动。 目前，美国商务部暂未对此作出回应，英伟达尚未就此直接置评。 两年前发布的H200芯片相比于其前代产品H100芯片拥有更多的高带宽内存，使其能够更快速地处理数据。据估计，H200芯片的性能是英 伟达H20芯片的两倍。 对于黄仁勋来说，他们迫切希望重新能够对中国厂商出手英伟达芯片，因为除了能够获得利润外，还能够在一定程度上抑制华为等国产厂 商的发展势头。 半导体公众号推荐 半导体论坛百万微信群 加群步骤： 第一步：扫描下方二维码，关注国芯网微信公众号。 第二步：在公众号里面回复"加群"，按照提示操作即可。 爆料｜投稿｜合作｜社群 文章内容整理自网络，如有侵权请联系沟通 "由于美国出口限制，英伟达对华芯片销售陷入停滞，预计未来两个季度在华销售额将为零。伤害中国的事情，往往也可能伤害美国，甚至 会更严 ...

币百科btcbaike 11月24日讯，受美联储可能降息以及美可能允许英伟达向中出售人工智能芯片的报道提 振，周五市场情绪略为回升。比特币近期走势积弱不振，周五晚间一度跌至80,600美元的低点，自十月 高点已下跌36%，加密市场总体市值已跌破3万亿美元，恐惧贪婪指数仍停留在极度恐惧的水平。然 而，比特币在周末缓步回升，在87,000美元附近徘徊，以太币（ETH）亦微幅上涨至2,800美元上方。在 这样的市场环境下，投资者如何选择安全、高效的工具管理数字资产？XBIT Wallet 炒币钱包凭借其多 重优势，成为应对市场波动的理想选择。 在加密市场剧烈波动的时期，资产安全是投资者的首要考虑。XBIT Wallet 炒币钱包通过以下核心优 势，为用户提供坚实的保障： 安全技术：采用多重签名、冷热钱包分离及端到端加密技术，确保私钥永不触网，有效防范攻击。 直观的用户体验：支持一键导入主流币种（如BTC、ETH），并简化交易流程，即使是新手也能快速上 手。 实时行情与风险管理：内置价格预警和仓位分析工具，帮助用户在波动市场中精准决策。 例如，在比特币从10月高点暴跌36%期间，使用XBIT去中心化交易所的用户可通过 ...

连续下跌的港股三大指数高开反弹，恒生指数午间收涨1.43%，国企指数、恒生科技指数分别上涨 1.22%及1.65%，市场情绪有所回升。作为市场风向标的权重科技股集体回暖，阿里巴巴盘中直线拉升 涨近6%；地缘政治紧张，军工股走势活跃，生物医药股、濠赌股、内房股齐涨，宣布建成国内首条大 容量全固态电池生产线，广汽集团大涨超13%领衔汽车股上涨。另外，美国拟允许英伟达H200芯片对 华销售，芯片半导体股走低，12条中日航线取消全部航班，航空股低迷。 ...

据环球网22日援引外媒报道称，特朗普政府正考虑批准向中国出口美国芯片制造商英伟达的H200人工 智能芯片。 报道表示，两年前发布的H200芯片相比于其前代产品H100芯片拥有更多的高带宽内存，使其能够更快 速地处理数据。据估计，H200芯片的性能是英伟达H20芯片的两倍。 具体数据上，H200是英伟达第一款使用HBM3e内存的芯片，以每秒4.8TB的速度提供141GB的内存；与 A100相比，H200内存容量约提升两倍，带宽约增加了2.4倍。此外，英伟达随后推出的H200 NVL是基 于Hopper架构的PCIe版GPU。与H100 NVL相比，H200 NVL的内存容量提升了1.5倍，带宽提升了1.2 倍，能够在数小时内完成大型语言模型的微调，并提供高达1.7倍的推理性能提升。 另一方面，谷歌连续发布新模型相对于ChatGPT展现出了巨大的进步，高盛等对此分析表示，"这一点 已显而易见，但市场对此却反应迟钝。"谷歌供应链对OpenAI链的强烈替代走势。 华泰证券也认为谷歌TPU是目前唯一能与英伟达GPU匹敌的AI加速器，同时依托TensorFlow、OpenXLA 等学习框架与TPU构建软硬一体的AI生态， ...

Group 1 - Huadian Co., Ltd. plans to acquire a 15% stake in Shengwei Technology along with patents and technical assets [1] - Huarong Chemical has not yet introduced customers in the photolithography or photolithography machine sectors [1] - Wenfeng Co., Ltd. faces an investigation with its deputy general manager Qin Guofen being placed under detention [1] Group 2 - The Ministry of Housing and Urban-Rural Development is working on improving urban health assessment systems and integrating urban health checks with urban renewal [2] - The Ministry of Commerce reported that foreign investment in China from January to October reached 621.93 billion yuan, a year-on-year decrease of 10.3% [2] - Beijing is set to revise the sales contracts for commercial housing for the first time in eight years [2] - The company "Dark Side of the Moon" is expected to initiate a new round of financing with a valuation of 4 billion USD and plans for an IPO next year [2] - Innovent Biologics has been included in the Hang Seng Index, while Leap Motor has been added to the Hang Seng Technology Index [2]

Market Overview - The A-share market is experiencing a significant downturn, with the Shanghai Composite Index dropping approximately 200 points in just six trading days, nearing the 3800-point level [1] - A notable "long bearish candle" was recorded on the weekly chart, indicating a strong selling pressure [1] Individual Stock Performance - A decline of around 10% in individual stocks is common, with many previously strong stocks facing consecutive trading halts, leading to substantial losses for investors [2] Market Sentiment - There are questions regarding whether the current market adjustment is a normal technical correction or a sign of a true market peak [3] - Increased panic selling was observed, particularly on Friday, with a significant rise in trading volume, characterized by a desire to exit positions regardless of price [3] External Positive News - Two external positive developments emerged over the weekend: potential easing of sales restrictions on Nvidia's H200 chips and renewed expectations for a Federal Reserve rate cut in December [4] - These developments are crucial as they relate to technology growth logic and liquidity risk appetite, which could significantly impact the market in the coming weeks [4] Nvidia H200 Chip Sales - The potential easing of restrictions on Nvidia's H200 chip sales to China reflects a marginal improvement in economic relations, with increased interactions between the two countries [5] - Nvidia faces substantial pressure as China is a critical market for AI computing power, and a complete ban would mean forfeiting significant revenue [7] - Domestic AI chip manufacturers are reportedly closing the performance gap with Nvidia's H200, indicating a shift towards competitive dynamics rather than a complete market exit for Nvidia [10][12] Market and Sector Impact - Short-term impacts include emotional volatility and sector differentiation, with potential sell-offs in certain domestic alternatives while Nvidia-linked companies may see a short-term boost [13][14] - In the medium to long term, the narrative of domestic chip alternatives remains unchanged, focusing on self-reliance and technological independence despite the easing of restrictions [16] Federal Reserve Rate Cut Expectations - Recent weak employment data has led to a resurgence in expectations for a Federal Reserve rate cut in December, with probabilities now exceeding 50% [18] - A potential rate cut would lower U.S. Treasury yields, enhancing the attractiveness of risk assets, including stocks and commodities, and easing pressures on emerging markets [19] A-share Market Implications - The combination of the Nvidia news and the Fed's rate cut expectations may shift market sentiment from panic to rational recovery, with a likelihood of entering a phase of technical repair and consolidation [22] - The long-term outlook remains positive, with external liquidity trends shifting towards gradual easing, supporting A-share valuations [23] Technical Analysis - The weekly chart indicates a significant shift from a stable upward trend to a clear breakdown, with key support around the 3700-point level [27][31] - The market's ability to stabilize around the 3865-point level will be crucial for determining the next steps, with potential for either a recovery or further declines [33] Investment Strategy - Investors are advised to maintain a balanced portfolio, focusing on companies with strong fundamentals and reasonable valuations, while avoiding high-risk speculative plays [34] - The current market phase should be viewed as a technical correction rather than a definitive end to the bull market, emphasizing the importance of strategic asset allocation [34]

Core Viewpoint - The article discusses the potential easing of U.S. export restrictions on advanced technology to China, particularly focusing on NVIDIA's H200 AI chip, which may soon be approved for sale to the Chinese market due to a thaw in U.S.-China relations [3][4][6]. Group 1: U.S.-China Relations and Export Policies - Recent discussions between U.S. and Chinese leaders have led to a consensus on easing trade and technology disputes, indicating a shift towards a more moderate U.S. stance on China [6]. - The U.S. Department of Commerce is currently evaluating adjustments to export control policies that have previously prohibited the sale of advanced chips to China [4][6]. Group 2: NVIDIA's H200 Chip - The H200 chip, released two years ago, boasts significantly improved specifications compared to its predecessor, the H100, with higher bandwidth memory and faster data processing capabilities [6]. - Estimates suggest that the performance of the H200 chip is approximately double that of the NVIDIA H20 chip, making it a highly competitive product in the AI chip market [7]. Group 3: Geopolitical Implications and Market Dynamics - The selective approval of chip exports to allied countries, such as Saudi Arabia and the UAE, highlights a differentiated approach by the U.S. government in response to varying geopolitical contexts [7]. - The potential approval of the H200 chip for sale to China could allow NVIDIA to regain market share in a rapidly growing sector that has been increasingly dominated by foreign competitors [4][6].

Core Viewpoint - Nvidia has refuted rumors regarding limited supply or sell-out status of its H100 and H200 chips, asserting that it has sufficient inventory to meet all orders in real-time [1] Group 1: Product Information - The H200 chip, set to be released on November 13, 2023, is Nvidia's next-generation AI chip, maintaining hardware compatibility with the previous H100 model [1] - The H200 features advanced manufacturing processes and is equipped with HBM high-bandwidth memory architecture, doubling storage capacity compared to its predecessor [1] - The inference speed for large language models has nearly doubled compared to the H100, and its low power consumption meets the training needs of AI models with hundreds of billions of parameters [1] Group 2: Market Impact - The sales of the H200 chip do not affect the supply of H100, H200, or other Nvidia products like Blackwell [1]

Market Overview - The market exhibited a volatile upward trend this week, with growth styles significantly outperforming value sectors, indicating an increase in trading activity and capital inflow willingness [1] - Major indices strengthened, led by technology growth sectors, reflecting heightened market attention on high-prosperity tracks [1][2] - A-share market saw the Shanghai Composite Index rise by 1.7% to 3696.77 points, marking a new weekly high since 2022, while the Shenzhen Component Index increased by 4.55% and the ChiNext Index surged by 8.84% [2] Sector Performance - In the A-share market, the communication sector rose by 7.66%, driven by surging AI computing demand, while the electronics sector increased by 7.02% due to a 20% year-on-year growth in global semiconductor sales [4] - The financial sector benefited from active market trading and policy expectations, contributing to the overall market's upward momentum [1] - In the Hong Kong market, healthcare, raw materials, and information technology sectors all saw gains exceeding 4%, with the healthcare sector specifically rising by 7.27% [4] Capital Flow and Market Sentiment - The capital market showed positive signals, with weekly trading volume and margin financing balances both surpassing recent highs, indicating strong support for the market [1] - The influx of incremental capital has enhanced market resilience, with the two financing balances exceeding 2 trillion yuan, reflecting renewed confidence in leveraged funds [6] Future Outlook - The A-share market is expected to maintain its strong momentum, with a continued upward trend anticipated, although caution is advised regarding potential profit-taking pressures at high levels [6] - The technology growth sector is projected to sustain high elasticity due to industry trends and policy support, particularly in AI computing infrastructure and semiconductor sectors [6] - Mid-term strategies should focus on AI computing, breakthroughs in new energy technologies, and innovative pharmaceuticals, while also considering defensive positions in traditional sectors [6]